Federal Appeals Court Rules on How to Read a Life Insurance Policy

News January 16, 2025 at 04:31 PM
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What You Need To Know

  • The policies say the issuer bases the COI charge on sex, age, risk class and expected future mortality experience.
  • Kansas City Life maintains that the language implies that it can factor in other variables.
  • The 8th Circuit ruled that the company cannot put its own profits and expenses in the calculations.
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